Thursday, September 8, 2011

Near Term Crude Oil Outlook 9-8-11

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Crude oil inventories fell 2.97 million barrels to 349.2 million last week, the American Petroleum Institute said.
Gasoline stockpiles fell 871,000 barrels to 209.9 million, the report showed.
Inventories at Cushing, Oklahoma  the delivery point for futures traded on the New York Mercantile Exchange, declined 426,000 barrels to 32.7 million. LINK

The Energy Department is scheduled to release its inventory report tomorrow at 11 a.m EIA LINK

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